Model Documentation - TIAM-UCL
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Corresponding documentation | |
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Previous versions | |
Model information | |
Model link | |
Institution | University College London (UCL), UK, https://www.ucl.ac.uk. |
Solution concept | Partial equilibrium (price elastic demand) |
Solution method | Linear optimisation |
Anticipation | Perfect Foresight
(Stochastic and myopic runs are also possible) |
TIAM-UCL is a global energy systems model that is usually run along with a climate module (calibrated to MAGICC) and an aggregated economic module (Macro Stand-Alone) in order to assess long-term energy decarbonisation scenarios and pathways. The framework is that of a long-term social planner with perfect foresight who acheives exogenous energy demands at lowest cost given detailed energy technology assumptions and specified constraints